Advertise with Us

December 2016

Please fill in your details to download the Table of Contents of this report for free. We also do customization of these reports so you can write to us at mi@fibre2fashion.com in case you need any other additional information.

The Ministry of Textile Industry, Government of India, is planning to make online the entire procedure from application to sanction of fund and all matters related to the Technology Upgradation Fund Scheme (TUFS), said a top official, Business Standard reports quoting PTI.

At an interaction with textile entrepreneurs, organized by the Southern India Mills’ Association in Coimbatore, Kiran Soni Gupta, Textile Commissioner, Mumbai, said once the TUFS procedure is made online it would help overcome any possible procedural hassles and also delay and confusion over the communication to beneficiaries of TUFS.

Ms. Gupta said the TUFS procedure would be made online once the software was ready. The online facility would consist of four parts—beneficiaries, bankers, the Office of the Textile Commissioner and the Ministry of Textiles—so there would not be big gap in the application to sanction process, she added.

Later talking to reporters, the official informed that the draft Textile Policy was nearly complete and the Textiles Ministry is seeking more proposals and suggestions from various stakeholders.

It is estimated that only about 5.4 percent of the nearly 2.3 million powerlooms in India have so far taken benefit of the TUFS and other schemes.

Modernization of the Indian textile industry is necessary in the face of fierce competition from other textile and garment manufacturing and exporting countries like China, Bangladesh, Vietnam, etc.